In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard.

In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard.

Angel Gurría, Secretary-General of the OECD congratulated the newly elected President of Indonesia, Joko Widodo, for taking a bold first step in his economic reform agenda by substantially cutting fuel subsidies.

In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard.

On 11-12 November 2015, the first Asia-Pacific Technical Meeting on BEPS discussed the outcomes of the BEPS project, and the challenges countries face in the region in implementing BEPS, and explored how countries in the region can engage in the implementation, on-going development and monitoring of the measures adopted, on an equal footing.

Indonesia’s government needs more revenue to fund spending that can boost GDP growth, raise well-being and reduce poverty.

The work on BEPS Action 14 continues with today's publication of the seventh round of stage 1 peer review reports. Each report assesses a country's efforts to implement the Action 14 minimum standard as agreed to under the OECD/G20 BEPS Project.

Today, Indonesia deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) with the OECD’s Secretary-General, therewith underlining its strong commitment to prevent the abuse of tax treaties and BEPS by multinational enterprises. For Indonesia, the MLI enters into force on 1 August 2020.

Weapons Sales in Indonesia decreased to 15 USD Million in 2018 from 94 USD Million in 2017. Weapons Sales in Indonesia averaged 21.90 USD Million from 1963 until 2018, reaching an all time high of 94 USD Million in 2017 and a record low of 1 USD Million in 2008. Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.

The European Commission has proposed an integrated EU approach to stop profits from trading minerals being used to fund armed conflicts. The package of measures aims to make it more difficult for armed groups in conflict-affected and high-risk areas to finance their activities through the mining of and trade in minerals.

Housing Index in Indonesia increased to 210.97 points in the fourth quarter of 2019 from 210.33 points in the third quarter of 2019. Housing Index in Indonesia averaged 150.79 points from 2002 until 2019, reaching an all time high of 210.97 points in the fourth quarter of 2019 and a record low of 100 points in the first quarter of 2002. In Indonesia, housing index refers to the Residential Property Price Index that measures house prices in 16 cities, including small, medium and large houses. This page provides - Indonesia Housing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard.

Imports of Semi-precious Stones & Jewellery in South Africa decreased to 498.15 ZAR Million in March from 757.05 ZAR Million in February of 2020. Imports of Semi-precious Stones & Jewellery in South Africa averaged 733.38 ZAR Million from 2014 until 2020, reaching an all time high of 2037.70 ZAR Million in August of 2016 and a record low of 286.25 ZAR Million in December of 2014. This page includes a chart with historical data for South Africa Imports of Semi-precious Stones & Jewellery.

The number of employed persons in Indonesia increased to 129366192 in 2019 from 127067835 in 2018. Employed Persons in Indonesia averaged 92949445.17 from 1980 until 2019, reaching an all time high of 129366192 in 2019 and a record low of 51192000 in 1980. In Indonesia, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Indonesia Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Indonesia's tax-to-GDP ratio was 11.5% in 2017, below the OECD average (34.2%) by 22.7 percentage points, and also below the LAC and Africa (21)* averages (22.8% and 18.2%, respectively).

This country note explains how Indonesia taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

Imports from Indonesia in Turkey decreased to 95684.37 USD THO in March from 99754.61 USD THO in February of 2020. Imports from Indonesia in Turkey averaged 124623.82 USD THO from 2014 until 2020, reaching an all time high of 206809 USD THO in August of 2014 and a record low of 81455.84 USD THO in December of 2018. This page includes a chart with historical data for Turkey Imports from Indonesia.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

Indonesia has improved its macro-economic and structural policies over the last 15 years. Its economy, with strong and stable growth rates of 5–6.6%, is catching up with other countries in the region and allowing Indonesia to focus on its development agenda.

Micro, small and medium-sized firms (MSMEs) are a key source of employment and economic growth in Indonesia. They contributed to the country’s economic resilience during the 2008-09 financial crisis.

Angel Gurría, Secretary-General of the OECD congratulated the newly elected President of Indonesia, Joko Widodo, for taking a bold first step in his economic reform agenda by substantially cutting fuel subsidies.

The Indonesian economy has enjoyed strong and stable growth over the past decade and a half, leading to impressive reductions in poverty and major improvements in living standards. But challenges remain to continue to converge towards higher-income countries, according to the latest OECD Economic Survey of Indonesia.

In Indonesia, the pressure on the environment that natural resource exploitation is creating should be addressed by increasing the share of gas and renewables in the energy mix, properly defining property rights and regulations regarding forest land, and implementing a positive implicit carbon price. More resources should be devoted to combating widespread illegal mining and deforestation.

Indonesia has a very good record of poverty reduction, having halved its incidence over the past two decades. Nevertheless, almost 30 million people still live below the national poverty line, mostly in rural areas and in certain provinces.

Indonesia has undergone an extraordinary transformation over the past two decades, benefiting from strong growth that has lifted millions out of poverty and allowed important progress in areas such as health and education. But low levels of public spending and tax revenue are undermining the quality of social services and exacerbating infrastructure gaps, according to the OECD.

As described in the 2016 OECD Economic Survey of Indonesia, economic growth is expected to pick up over the course of 2016 and into 2017. Despite persistently weak external conditions, confidence is returning, with inflation moderating, a stable rupiah and government investment in infrastructure gathering pace.

The government has put a heavy emphasis on improving the business climate, thereby promoting a competitive, innovative and dynamic private business sector.

A steady economic expansion in Indonesia is boosting living standards, curbing poverty and offering millions of people greater access to public services.

Indonesia has improved its macro-economic and structural policies over the last 15 years. Its economy, with strong and stable growth rates of 5–6.6%, is catching up with other countries in the region and allowing Indonesia to focus on its development agenda.

Indonesia has come a long way in improving its tax system over the last decade, both in terms of revenues raised and administrative efficiency. Nonetheless, the tax take is still low, given the need for more spending on infrastructure and social protection.

"Indonesia is well placed to be a strong advocate for open government reforms, and to link such reforms to other multi-lateral reform efforts" - OECD Insights Blog by Luiz De Mello.

Nearly one in five mobile phones and one in four video game consoles shipped internationally is fake, as a growing trade in counterfeit IT and communications hardware weighs on consumers, manufacturers and public finances, according to a new OECD report.

In 1998 Indonesia embarked on an ambitious course of decentralisation. Over a period of a few years, facilitated by financial transfers from the central government, responsibility for many public services and administrative tasks were devolved to local authorities.

Indonesia's fiscal position is generally sound and policy making prudent. However, the country still faces important challenges in terms of economic and social development.

Legislative and regulatory policy options for sustainable capital markets - A good corporate governance framework should combine transparency, accountability and integrity and this requires knowledge of beneficial ownership. This report assesses the costs, benefits and practicalities of different approaches, suggesting policy options to better identify ultimate beneficial ownership in Indonesia.

The European Commission has proposed an integrated EU approach to stop profits from trading minerals being used to fund armed conflicts. The package of measures aims to make it more difficult for armed groups in conflict-affected and high-risk areas to finance their activities through the mining of and trade in minerals.

Indonesia scored 40 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Indonesia averaged 26.84 Points from 1995 until 2019, reaching an all time high of 40 Points in 2019 and a record low of 17 Points in 1999. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Indonesia Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.